Posted by Leonard Steinberg on March 6th, 2013 For anyone wondering about the longterm future of wealth in the world and especially New York, here are some facts to ponder: Over the next 10 years, New York will see a rise of 36% of High Net Worth Individuals, those with assets above $ 30million……does that… [Read More]
IS THIS THE BOTTOM?
Something very newsworthy is happening in the luxury Manhattan real estate market…….for the first time in many years we have experienced (while renting out an apartment in Tribeca) prospective, qualified renters withdrawing their applications after realizing that buying would cost almost the same as renting, and opting to buy. We have not heard this in… [Read More]
THE WEALTHY TALK….GUILT-FREE.
According to a recent post in FORBES, America’s richest are spending less cash, and they are being more choosy about the products they actually buy. The Survey of Affluence and Wealth in America 2010 — a creation of American Express Publishing and the Harrison Group — polled about 2,400 people from the richest 10% of… [Read More]